Managing Vendor Risk: What is the Role of Procurement?

How to Mitigate Supply Chain Risk

Supply chain disruptions, increasingly sophisticated cybersecurity attacks, and more aggressive regulatory controls over the past decade have brought increased attention to the role of procurement in facilitating vendor risk management.

This report provides a framework consisting of 8 key topics that will help you define the role your procurement department can play in proactively managing vendor risk to enhance the value that procurement creates for the enterprise.

In this report, you will learn how to:

• Use risk domains to proactively manage 100% of your suppliers
• Establish risk ratings for suppliers to increase your span of control
• Manage risk throughout the supplier relationship lifecycle